Analysts Set AerSale Corporation (NASDAQ:ASLE) Price Target at $7.00

by · The Markets Daily

AerSale Corporation (NASDAQ:ASLE – Get Free Report) has earned an average recommendation of “Reduce” from the four analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.00.

A number of analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of AerSale from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, November 10th. Zacks Research lowered AerSale from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of AerSale in a research note on Monday. Finally, Wall Street Zen cut AerSale from a “buy” rating to a “hold” rating in a research report on Tuesday, November 18th.

Get Our Latest Stock Report on AerSale

Insider Activity at AerSale

In related news, insider Nicolas Finazzo bought 6,352 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of $5.99 per share, with a total value of $38,048.48. Following the acquisition, the insider owned 44,619 shares in the company, valued at $267,267.81. This trade represents a 16.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders acquired 9,619 shares of company stock valued at $57,618. Corporate insiders own 19.20% of the company’s stock.

Institutional Investors Weigh In On AerSale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. Quantbot Technologies LP increased its stake in shares of AerSale by 133.1% in the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock worth $56,000 after purchasing an additional 4,282 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in AerSale during the 2nd quarter valued at approximately $66,000. Callan Family Office LLC purchased a new position in AerSale in the 2nd quarter worth approximately $74,000. BNP Paribas Financial Markets boosted its stake in AerSale by 45.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after purchasing an additional 3,071 shares during the period. Finally, AlphaQuest LLC grew its holdings in AerSale by 251.0% during the 3rd quarter. AlphaQuest LLC now owns 12,040 shares of the company’s stock valued at $99,000 after buying an additional 8,610 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

AerSale Stock Performance

Shares of ASLE opened at $7.02 on Wednesday. AerSale has a one year low of $5.56 and a one year high of $9.12. The company has a 50-day simple moving average of $6.86 and a two-hundred day simple moving average of $7.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 0.92. The firm has a market capitalization of $331.27 million, a PE ratio of 54.00 and a beta of 0.18.

AerSale (NASDAQ:ASLE – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). AerSale had a return on equity of 2.10% and a net margin of 1.73%.The firm had revenue of $71.19 million during the quarter, compared to the consensus estimate of $93.86 million. On average, analysts anticipate that AerSale will post 0.09 EPS for the current fiscal year.

About AerSale

(Get Free Report)

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.

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